Page 22 - FIC ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING LEGISLATION

Chapter 1 I FIC Act
20
(ix) an investigative division in a national department;
(x) a supervisory body; or
(xi) the investigative division of the Auditor-General,
to facilitate the administration and enforcement of the laws of the Republic;
(aA) to administer measures requiring persons to freeze property and transactions pursuant to financial sanctions that may arise from resolutions adopted by the Security Council of the United Nations contemplated in section 26A;
(aaA) to produce forensic evidence, based on the application of specialised scientific methods and techniques, pertaining to the flow of financial transactions and the links between persons, and between persons and property, based on the flow of financial transactions;
(b) to exchange information with bodies with similar objectives in other countries regarding money laundering activities, the financing of terrorist and related activities, and other similar activities;
(c) to supervise and enforce compliance with this Act or any directive made in terms of this Act and to facilitate effective supervision and enforcement by supervisory bodies.
4. Functions
To achieve its objectives the Centre must–
(a) process, analyse and interpret information disclosed to it, and obtained
by it, in terms of this Act;
(aA) where appropriate, initiate analysis based on information in its possession or information received other than by means of reports made to it under Part 3 of Chapter 3;
(b) inform, advise and co-operate with–
(i) an investigating authority;
(ii) the National Prosecuting Authority;
(iii) an intelligence service;
(iv) the South African Revenue Service;